KOMEDIA PRODUCTIONS
(A company limited by guarantee)
REPORT & FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
Registered number: 02938090
Charity number: 1045924

KOMEDIA PRODUCTIONS
FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
CONTENTS
PAGE
Trustees, annual report
Independent examiners, report to the members
Statement of financial activities
10
Balance sheet
Statement of cashflows
12
Notes to the financial statements
13-21

KOMEDIA PRODUCTIONS
TRUSTEES ANNUAL REPORT
YEAR ENDED 31 MARCH 2024
The Trustees, who are also directors of the charitable company for the purposes of the Companies Act,
submit their annual report and the independently examined financial statements of the charitable
company for the year ended 31 March 2024.
The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum
and Articles of Association, and Accounting and Reporting by Charities: Statement of Recommended
Practice applicable to charities preparing their accounts in accordance with the Financial Reporting
Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015).
OUR PURPOSES AND ACTIVITIES
Our objectives remain as they have been since foundation -.to advance education for the public benefit
by the promotion of the arts, primarily- but not exclusively- the area of drama. The board is committed
to the provision of the performing and visual arts for an existing audience and continues to create one for
the future, at affordable prices to the public". This covers the full spectrum of perfomiance art from
drama, music, children's performances, education and comedy.
The main objective of the year was to continue to pursue the objectives of the charity through the
programming and activities that were affordable in the resource climate faced by the charity.
As has been the case since the foundation of Komedia Productions, Trustees have associated
themselves with the Charity Commission's Guidan￿ on public benefit, including the guidance 'public
benefit= running a charity (PB2)' at our meetings and in the events we sponsor and the requirements of
the Charities Act 2011. We welcome all people regardless of personal background, faith, gender, age or
personal circumstances and believe this philosophy of openness to all enriches everyone through the
performances and events supported by the charity.
Funding Policy
The charity's primary activity is to fund and promote live artistic activities=
primarily at the Komedia Venue, but also with other partnership venues or organisations in
Brighton throughout the year.,
at other venues where the objectives can be delivered subject to specific funding or partnership
working for example at Bath or Edinburgh.
The charity's funding goes toward providing a programme of music and theatre. including children's
theatre in association and consultation with relevant advisors from funding bodies, such as relevant
officers of Brighton & Hove City Council.
In the current funding climate, the Board regularly undertakes a rigorous review of the Trust's finances to
ensure sustainability and a sound and realistic base for continuing to pursue its objectives.

KOMEDIA PRODUCTIONS
TRUSTEES ANNUAL REPORT (continued)
ACHIEVEMENTS AND PERFORMANCE
Work wtth children and young people has continued to be a primary focus during 2023-24 as well as
developing new partnerships, building existing projects and working on new projects.
Building on the development of Theatre Fideri Fidera's show 'WIll Tell & The Big Barron, in Dec 2023 we
had this as our Christmas show. Taking the decision to reduce the number of shows from previous years
we still had audiences of almost 700 across 9 shows including just over 120 comp tickets to families
connected to charities we partner with who, due to financial barriers are not usually able to engage with
the arts. We also supported performances of Theatre Fideri Fidera's Oskarfs Amazing Adventure
reaching an audience of over 250 again offering free tickets to our partner charity families of which 41
children & families accessed.
The Sundae Club staged seven events this year, selling over 720 tickets and again giving away over 150
comp tickets to families connected to the charities we partner with engaging children ages 2-8 and their
families. Working with local artists and facilitators they delivered a range of activities to a diverse
audience. We continued to work with a range of diverse artists including bands, workshop leaders and
theatre companies for the live events and as with the previous year one event was specifically created to
involve grandparents and elderly relativeslguardians which was a great success.
In July 2023 we planned lo deliver Sundae Clubs in Iwo local schools for children and parents who were
unable to access the regular Sundae Clubs in the Komedia venue. Due to school strikes we unfortunately
had to cancel one of these events but one was still able to go ahead and was a big success. As in the
previous year we were able to reach out to new audiences and introduce children to theatre and a live
band and we also had a puppet making workshop from Theatre Royal Brighton. Across the event we
welcomed just under 200 people to watch and take part. We are already looking at how to fund these to
repeat the experience in schools next year.
-Thank you so much for the Sundae Club at Benfield Primary. My daughter really enjoyed it. She
loved the show, workshop and band and for me it was great to be able to access this kind of event
right on my doorstep." Audience member
Our Comedy Workshop programme has continued to grow, we are delivering sessions in more parts of
the city with new partners and running more sessions across the year. We continued to partner with the
Hangleton & Knoll youth project and at the start of the summer holidays we delivered longer
afternoon sessions for young people living in the Hangleton & Knoll area. Young people learnt new skills,
met new people, developed performance skills, built confidence, had a lot of fun and at the end of the
second day got to be part of a performance in front of invited friends and family. In October half term
2023 we delivered a three hour session for young people in partnership with Hangleton & Knoll Youth
Project. Across the project we engaged with over 40 people including young people & families, these
sessions were for ages 11 16.
-1 really enjoyed performing in fmnt of people, the sessions helped me to get over my stage fright
so I was able to stand up and share my comedy in fmnt of an audience." Participant from Hangleton
& Knoll summer sessions
We also developed a new partnership with Brighton Youth Centre and similarly as with Hangleton & Knoll
we delivered afternoon sessions at Brighton Youth Centre over the summer holidays giving young
people involved an opportunity to perform on the second day in front of invited friends and family. We
worked with 18 brilliant young people across the sessions.

KOMEDIA PRODUCTIONS
TRUSTEES ANNUAL REPORT (continued)
As part of BFest we delivered a Comedy Workshop session at Brighton Youth Centre on Monday 23rd
Oct that led to 14 young people being part of a showcase 'Made from Skratch, that evening at The Actors
(theatre) performing their set they had worked on that afternoon.
We worked for 3 hours with a group of fantsstic young people developing their set & teaching them skills
in stand-up and then headed to The Actors to be part of'made in Skratch, We shared the evening with
some amazing actors from Thirdspace Theatre & fabulous poets who had worked with the incredible
talent Aflo the Poet developing their poems in just a few hours. They ended up collaborating on stage at
the end in the improv section led by Tom Veryzer.
"I really enjoyed leaming something new that was out of my comfort zone. I felt nervous but
excited and it was a really fun & inclusive experience." Participant from BYC summer sessions
Throughout 2023124 we built on our Comedy Workshop offer at The Crew Club delivering weekly
sessions in temi time and engaged with over 100 young people. Working with the young people we re-
named the Comedy Workshops at The Crew Club to 'Laughter Crew, and we also now deliver the
sessions as part of their drop in youth session so that more young people can experience 'Laughter
Crew, and take part.
"The Crew Club s partnership with Komedia Kids is something very special, the comedy clubs
they bring to the centre provide a new world of creativity for our members. Young people have the
opportunity to work with a diverse group of people and discover the hidden talents they have
through comedy and communication skills. It is also an opportunity to share in an evening of
laughter, something I believe young people need more of in their lives." Darren Snow MBE The
Crew Club
We are continuing to develop our Comedy Workshop programme with aims to run weekly sessions in
Hangleton and with Brighton Youth Centre along with school holiday programmes and building new
partnerships with local charity Amaze as part of their Amazing Futures programme. Young people will
work towards putting on a show at Komedia and thanks to a new partnership with Brighton Dome
Comedy Festival we also aim to deliver a workshop programme at Brighton Dome that will enable young
people to perfomi or work backstage on their own show in the next financial year.
In Feb 2024 we started work on a new project led by Beatboxer SK Shlomo and in partnership with
Creative Playground called 'Breathe Academy,
BREATHE Academy is a youth project for 12- 25 year olds, empowering marginalised young people
from across the UK to harness creativity. It is launched in partnership with suicide helpline CALM by
international beatboxing star and CALM ambassador SK Shlomo. Utilising a range of artforms, BREATHE
Academy empowers young people to address essential topics such as mental health, disability, identity,
diversity, and self-expression.
We delivered the first Breathe Academy workshop in Brighton at Varndean Secondary school in Feb
2024. 30 young people worked with SK Shlomo, hearing their journey into music and having the
opportunity to learn the basics of beatboxing along with exploring what creative genres they would like to
explore and develop as artists themselves.
"A lovely experience. The holistic, reflective, sharing, accepting environment was definitely
appreciated by the young people. They loved the workshop." David Berliner, Head of Music,
Varndean
Participants from the workshop at Varndean were then invited to join a second workshop delivered by SK
Shlomo at Komedia, joined by young people who had taken part in the workshops in Crawley with
Creative Playground.

KOMEDIA PRODUCTIONS
TRUSTEES ANNUAL REPORT (continued)
In March 2024 SK Shlomo delivered a second Breathe Academy workshop at Komedia, Brighton. Young
participants from Brighton & Crawley workshops came together for an afternoon of beatboxing, live
looping, songwriting and performance for invited friends and family at the end of the day. Those involved
took part in a third workshop at Brighton Dome on Saturday 20 April followed by the opportunity to be part
of SK Shlomo's show 'BREATHE' on that evening in Brighton Dome Studio Theatre.
"It is a great place to beatbox. It is a really inclusive safe space because people aren? judging you
or where you came from and we care for each other. It is like we have known each other for
years." Participant Breathe Academy
We continue to make applications for grants, national or local, that are appropriate to our work.
The Trust is extremely grateful for the support we have received from Brighton and Hove City Council
Sussex Community Foundation, East Brighton Trust, The Chalk Cliff Trust and Magic Little Grants. The
Board greatly appreciates the continuing confidence, support and valuable advice provided.
FINANCIAL REVIEW
The charity has recorded a deficit of £3,628 {2023'.surplus £6,454) for the year to 31 March 2024,
resulting in total reserves of £38,319. Some of these reseNes will be utilised to part fund work on
identified new projects and continued funding for the freelance Development Director in 2024125.
Grants came from Brighton & Hove City Council. the Chalk Cliff Trust, East Brighton Trust and Sussex
Community Foundation for project work and development.
Reserves Policy
The Trustees believe it is important they hold as financial reserves the funds necessary to ensure an
ordered and proper closing of Komedia Productions. The Trustees only wish to have these financial
reserves at a minimum level and therefore review the funds annually.
The charitable company aims to maintain a cash reserve of £5,000.
The reserves will fund
any redundancy payments due to employees- currently there are no such employees"
terminating Servi￿ Contracts such as office ￿nt and equipment - currently there are no such
contracts;
contingency sum for outstanding liabilities,.
accountancy, audit and other professional costs.
The Reserves Policy assumes no immediate withdrawal of funding would ¢XCUr.

KOMEDIA PRODUCTIONS
TRUSTEES ANNUAL REPORT (continued)
REFERENCE AND ADMINISTRATIVE DETAILS
Charity Number..
1045924
Company Number..
02938090
Registered offi￿..
4447 Gardener Street
Brighton
East Sussex
BN1 1UN
Ouradvisers
Independent Examiner..
Boydell & Co.
Chartered Accountants
146B Chiswick High Road
London
W4 1PU
Bankers".
Metro Bank
82 North Street,
Brighton
BN1 1ZA
Directors and Trustees
The directors of the charitable company (-the charity") are its trustees for the purposes of charity law.
The trustees serving during the year and Sin￿ the year end were as follows=
Direclors and Trustees..
MsERHall
Prof D E Loewenthal
Mr l M Lowrie
Mr R J Hampson
Mr P J Redding
Company Secretary:
Ms E Mcowat

KOMEDIA PRODUCTIONS
TRUSTEES ANNUAL REPORT (continued)
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing Document
Komedia Productions is a company limited by guarantee and was incorporated on 13 June 1994 and is
registered with the Charity Commission. The charitable company is govemed by its Memorandum and
Articles of Association.
The organisation registered as a charity with the Charity Commission on 21 April 1995 (number
1045924). There are currently 5 members of the charitsble company, each of whom agrees to contribute
£1 in the event of the company winding up.
Trustee Recruitment, Selection and Induction
As set out in the Articles of Association the chair of the Trustees is nominated and elected by the Board
of Trustees at the Annual General Meeting. New members are nominated by Trustees and selected for
appointment by Trustees. Trustees serve a period of three years before resigning and are able to put
themselves fO￿ard for re-election.
New Trustees undergo a period of induction to brief them of their legal obligations under Charity and
Company Law, the content of the Memorandum and Articles of Association, the committee and decision-
making processes.
Oryanisation
The Trustees meet quarterly and when appropriate there are additional sub-committee meetings. The
day to day running of the charity is delegated by the Trustees to officers of Komedia Limited ("Komedia"),
an associated company. The Officers report to the Trustees at their quarterly Board Meetings. The
financial records are maintained by the Company Secretary, Ms E Mcowat, a qualified Chartered
Accountant.
Related Parties
Komedia Limited
Komedia Limited manages the Komedia Venue at 4447 Gardner Street in Brighton. On behalf of the
charty it produces a programme of artistic performances in line with the charity's aims and objectives.
Risk Management
The Trustees have carried out a detailed review of the charitable company's activities and have
implemented a risk management strategy that comprises..
a review at Trustee meetings of the risks the charitable company faces, both operational and
financial., and
a review and agreement of procedures to minimise the potential risks to the charitable company
should these risks materialise.

KOMEDIA PRODUCTIONS
TRUSTEES ANNUAL REPORT {continued)
TRUSTEES. RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS
The Trustees (who are also the directors of Komedia Productions for the purposes of company law) are
responsible for preparing the Trustee's annual report and the financial ststements in accordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted
Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial year which give a
true and fair view of the state of affairs of the charitable company and of the incoming resources and
application of resources, including the income and expenditure, of the company for that period. In
preparing those financial statements. the Trustees are required to=
select suitable accounting policies and apply them consistently.,
observe the methods and principles in the Charities SORP-
make judgements and estimates that are reasonable and prudent"
state whether applicable UK accounting standards have been followed, subject to any material
departures disclosed and explained in the financial statements-
prepare the financial statements on the going concern basis unless it is inappropriate to presume
that the company will continue in business.
The Trustees are responsible for keeping proper accounting records which disclose with reasonable
accuracy at any time the financial position of the charity and to enable them to ensure that the financial
statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets
of the charity and hen￿ for taking reasonable steps for the prevention and detection of fraud and other
irregularities.
The Trustees are responsible for the maintenance and integrity of the corporate and financial information
included on the charitable company's website. Legislation in the United Kingdom governing the
preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
In accordance with company law, as the charitable company Trustees, we certify that..
so far we are aware, there is no relevant infomiation of which the Charitable company's
independent examiners are unaware" and
as the Trustees of the charitable company has taken all the steps that we ought to have tsken as
directors in order to make ourselves aware of any relevant information and to establish that the
company's independent examiner is aware of that information.
INDEPENDENT EXAMINERS
The directors consider that for the year ended 31 March 2024 the company was entitled to exemption
from a ststutory audit under section 477 of the Companies Act 2006. Under the provisions of the Act, the
directors have appointed Boydell & Co, Chartered Accountants to act as Independent Examiners.
On behalf of the Board
Lowrie
Chairman
On behalf of the Trustees
4447 Gardner Street
Brighton
East Sussex
BN11UN
24 October 2024

KOMEDIA PRODUCTIONS
INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF KOMEDIA PRODUCTIONS
('THE COMPANY,)
We report to the charity Trustees on our examination of the accounts of the company for the year ended
31 March 2024.
Responsibilities and basis of report
As the charity's trustees of the company (and also its directors for the purposes of company law) you are
responsible for the preparation of the accounts in accordance with the requirements of the Companies
Act 2006 ('the 2006 Act,).
Having satisfied ourselves that the accounts of the company are not required to be audited under Part 16
of the 2006 Act and are eligible for independent examination, we report in respect of our examination of
your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act,).
In Carrying out our examination we have followed the Directions given by the Charity Commission under
section 145(5) (b) of the 2011 Act.
Independent examiners, statement
Although the company's gross income did not exceed £250,000 the trustees required your examiner to be
a member of a body listed in section 145 of the 2011 Act. We confirm that we are qualified to undertake
the examination because we are a member of the Institute of Chartered Accountants in England and
Wales, which is one of the listed bodies.
We have completed our examination. We confirm that no matters have come to our attention in
connection with the examination giving us cause to believe..
1. accounting records were not kept in respect of the company as required by section 386 of the 2006
Act; or
2. the accounts do not accord with those records., or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than
any requirement that the accounts give a 'true and fair view which is not a matter considered as part of an
independent examination-, or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement
of Recommended Practice for accounting and reporting by charities [applicable to charities preparing
their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of
Ireland (FRS 102)].
We have no concerns and have come across no other matters in connection wtth the examination to
which attention should be drawn in this report in order to enable a proper understanding of the accounts
to be reached.
Malcolm Ba
Boydell & Co
Chartered Accountants
146B Chiswick High Road
London
W4 1PU
Boydell FCA
2024

KOMEDIA PRODUCTIONS
STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND
EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2024
Total
Unrestricted
Funds
2023
Notes
Total
Funds
2024
Unrestricted
Funds
Restricted
Funds
Income:
Income from charitable
activities..
Theatre operations
30,920
7,762
38,682
62,855
Investment income
252
252
73
Total Income
31,172
7,762
38,934
62,928
Expenditure
Expenditure on charitable
activrfies..
Cost of theatre operations
34,800
7,762
42,562
56.474
Total Expendrture
34,800
7,762
42,562
56,474
Net income and net
movement in funds for the
year
(3,628)
(3,628)
6,454
Reconciliation of funds
Total funds brought
forward
41,947
41,947
35,493
Transfers
Total funds carried
forward
38.319
41,947
The statement of financial acttvities includes all gains and losses recognised in 2024 and 2023.
All incoming resources and resources expended derive from continuing activities.
The accompanying notes on pages 13 to 21 form an integral part of these financial statements.
10

KOMEDIA PRODUCTIONS
BALANCE SHEET
AS AT 31 MARCH 2024
2024
2023
Notes
CURRENT ASSETS
Debtors
Cash at bank and in hand
Total Current Assets
31,685
20,499
52,184
33,977
22,024
56.001
LIABILITIES
Creditors falling due within one year
12
{13,865)
(14,054)
NET CURRENT ASSETS
38,319
41,947
TOTAL ASSETS LESS CURRENT LIABILITIES
38.319
41,947
THE FUNDS OF THE CHARITY
Restricted income funds
Unrestricted income funds
38,319
41,947
TOTAL CHARITY FUNDS
14
38.319
41,947
The directors consider that for the year ended 31 March 2024 the company was entitled to exemption
under section 477 of the Companies Act 2006. No member or members have deposited a noti
requesting an audit for the current financial year under section 476 of the Act.
The directors acknowledge their responsibility for ensuring that the company keeps accounting records
which comply with section 386 of the Companies Act 2006 and preparing financial statements which give
a true and fair view of the state of affairs of the company as at the end of the financial year and of its
profit or loss for the financial year in accordance with the requirements of sections 394 and 395, and
which otherwise comply wtth the requirements of the Act relating to financial statements, so far as
applicable to the company.
The financial statements have been prepared in accordance with the special provisions of Part 15 of the
Companies Act 2006 relating to small companies.
The financial statements on pages 9 to 18 were approved by the Trustees on 24 October 2024
and were signed on its behalf by-.
lan Lowrie
Directorrrrustee
The accompanying notes on pages 13 to 21 fomi an integral part of these financial statements.
11

KOMEDIA PRODUCTIONS
STATEMENT OF CASH FLOWS FOR THE YEAR ENDING 31 MARCH 2024
2024
2023
Notes
Cash flow used in operating activities
16
(1,777)
{26,810)
Cash flows from investing activities
Interest income
252
73
Cash provided by (used in) investing activities
252
73
Cash flows from financing activities
Cash used in financing activities
(Decrease)Ilncrease in cash and cash equivalents in the year
(1,525)
(26,737)
Cash and cash equivalents at the beginning of the year
22,024
48,761
Total cash and cash equivalents at the end of the year
20,499
22,024
The accompanying notes on pages 13 to 21 form an integral part of these financial statements.
12

KOMEDIA PRODUCTIONS
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
ststement of compliance
The financial statements have been prepared in accordan￿ with Accounting and Reporting
by Charities= Statement of Recommended Practice applicable to charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland (FRS 102) (effective 1 January 2015)- (Charities SORP {FRS 102}), the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the
Companies Act 2006.
Komedia Productions meets the definition of a public benefit entity under FRS 102. Assets
and liabilities are initially recognised at historical cost or transaction value unless othewise
stated in the relevant accounting policy note(s).
There were no material departures from the standard. The financial statements are prepared
in sterling which is the functional currency of the charity.
Accounting policies
The principal accounting policies adopted. judgements and key sources of estimation
Un￿rtaintY in the preparation of the financial statements are as follows..
Income
Income is recognised when the charity has entitlement to the funds, any performance
conditions attached to the item{s) of the income have been met, it is probable that the income
will be received and the amount can be measure reliably.
Income from government and other grants, including capital grants, is included in incoming
resources when these are receivable, except as follows-
when donors specfy donations and grants gtven to the charity must be used in future
accounbng periods, the income is deferred until those periods,.
when donors impose conditions which have to be fulfilled before the charity becomes
entitled to use such income, the income is deferred and not included in incoming
resources until the pre-conditions for use have been met-
when donors specify that donations and grants, including capital gains, are for particular
restricted purposes which do not amount to pre-conditions regarding entitlement, this
income is included in incoming resources of restricted funds when receivable.
Donated services and facilities
Donated professional services and donated facilrties are recognised as income when the
charity has control over the item, any conditions associated with the donated item have been
met, the receipt of economic benefit from the use by the charity of the item is probable and
the economic benefit can be measure reliably.
On receipt, donated professional ServI￿S and donates facilities are recognised on the basis
of the value of the gift to the charty which is the amount the charity would have been willing
to pay to obtain seNices or facilities of equivalent economic benefit on the open market- a
corresponding amount is then recognised in expenditure in the period of receipt.
13

KOMEDIA PRODUCTIONS
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 MARCH 2024
Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be
measured reliable by the charity,. this is normally upon notÈfication of the interest paid or
payable by the Bank.
Fund accounting
Unrestricted funds are available to spend on activities that further any of the purposes of
charity. Designated funds are unrestricted funds of the charity which the trustees have
decided at their discretion to set aside to use for a specrfic purpose. Restricted funds are
donations which the donor has specified are to be solely used for particular areas of the
charity's work.
Expenditure and irrecoverable VAT
Expenditure is recognised once there is a legal or constructive obligation to make a payment
to a third party. it is probable that settlement will be required and the amount of the obligation
can be measured reliably. Expenditure is classified under the following activity headings=
Costs of raising funds.
Expenditure on charitable activities includes the costs of performances, and other
activities undertaken to further the purposes of the charity and their associated support
costs.
Other expenditure represents those items not falling into any other heading.
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was
incurred.
Allocation of support costs
Support costs are those functions that assist the work of the charity but do not directly
undertake charitable activities. Support costs are those costs incurred in connection with the
administration of the charitable company and compliance with constitutional and statutory
requirements which support the charity's programmes and activities. These costs have been
allocated be￿een cost of raising funds and expenditure on charitable activities. The bases
on which support costs have been allocated are set out in note 7.
Debtors
Trade and other debtors are recognised at the settlement amount due after any trade
discount offered. Prepayments are valued at the amount prepaid net of any trade discounts
due.
Cash at bank and in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a
short maturity of three months or less from the date of acquisition or opening of the deposit or
similar account.
Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation resulting
from a past event that will probably result in the transfer of funds to a third paty and the
amount due to settle the obligation can be measured or estimated reliably. Creditors and
provisions are normally recognised at their settlement amount after allowing for any trade
discounts due.
14

KOMEDIA PRODUCTIONS
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 MARCH 2024
Legal status of the Charity
The charity is a company limrted by guarantee and has no share capital. It is registered in
England and Wales. The charity's registered number and registered office address can be
found on page 6 of the Trustees Annual Report. In the event of the charity being wound
up, the liability in respect of the guarantee is limited to £1 per member of the charity.
Income from charitable activities
Unrestricted
Funds
2024
Restricted
Funds
2024
Totsl
Funds
2024
Ticket sales
22,766
Support from
sponsors
Donations
22,766
2.265
7.762
10,027
5,889
5,889
30,920
7,762
38,682
Unrestricted
Funds
2023
Restricted
Funds
2023
Total
Funds
2023
Ticket sales
32,708
Support from
sponsors
Donations
32,708
11,446
12,500
23,946
6,116
85
6,201
50,270
12,585
62.855
Income from investment activities
Unrestricted
Funds
2023
Unrestricted
Funds
2024
Interest income from deposit account
252
73
252
73
15

KOMEDIA PRODUCTIONS
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 MARCH 2024
Analysis of expenditure on charitable activities
Children's
programme
Support of
new and
developing
talent
Total
2024
Total
2023
Production costs
Venue hire costs
Governance costs (see
note 7)
Support costs (see note 7)
24.976
11.154
36,130
51,657
120
620
5,812
620
5,812
633
4,064
31,408
11,154
42,562
56,474
Summary analysis of expenditure and ￿lated income for charitable activities
This tsble shows the cost of the two main charitable activities and the sources of income
directly to support those activities.
Support of
new and
developing
talent
child￿n'S
programme
Total
2024
Total
2023
Costs
(31,408)
22,766
(8,642)
(11,154)
(42.562)
22,766
(19,796)
(56,474)
32,708
(23,766)
Ticket income
(11,154)
Direct grant and
sponsorship
support
2,265
5,279
7,762
610
10,027
5,889
23,946
6,201
Donations
Investment
income
Net (cost)/
income to
reserves
252
252
73
846
2,782
3.628
6,454
16

KOMEDIA PRODUCTIONS
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 MARCH 2024
Analysis of governance and support costs
The charity initially identifies the costs of its support functions. It then identifies those costs
which relate to the governance function. Having identified its governance costs, the
remaining support costs together with the governance costs are apportioned between the
two key charttable activities undertaken (see note 6> in the year. Refer to the table below
for the basis for apportionment and the analysis of support and governance costs.
Govemance
function
At 31 March 2024
General
support
Total
Basis of
apportionment
Freelance costs
4,962
4,962
Operational
IT Expenses
Training
Independent
examiner fees
521
521
Operational
329
329
Operational
620
620
Govemance
Total
5,812
620
6,432
Governance
function
At 31 March 2023
General
support
Total
Basis of
apportionment
Freelance costs
3.400
3,400
Operational
IT Expenses
Independent
examiner fees
Legal and other
professional fees
664
664
Operational
620
620
Governance
13
13
Govemance
Total
4,064
633
4,697
17

KOMEDIA PRODUCTIONS
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 MARCH 2024
Trustee remuneration and expenses
The Trustees were not paid or received any other benefits from employment with the Trust
or its subsidiary in the year (2023.. £nil) neither were they reimbursed expenses during the
year (2023= £nil). No Trustees received payment for professional or other services supplied
to the charity (2023.. £nil).
Related party transactions
Komedia Limited
As at 31 March 2024, the charitable company was owed £27,983 {2023'. owed £33,827) by
Komedia Limited.
10.
Corporation tsx
Komedia Productions is a registered charity and is therefore exempt from taxation of
income and gains falling within Section 505 Taxes Act 1998 or Section 256 Taxation of
Chargeable Gains Act 1992 to the extent these are charitably applied. No tax charge has
arisen in the year.
11.
Debtors
2024
2023
Other debtors
31,685
33,977
31,685
33,977
12.
Creditors: amounts falling due within one year
2024
2023
Trade creditors
Other creditors and accruals
Deferred income (see note 13 below)
3,371
1,500
8,994
13,865
2,950
900
10,204
14,054
18

KOMEDIA PRODUCTIONS
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 MARCH 2024
13.
Deferred income
Deferred income comprises donations for the 2024-25 Shlomo Workshop event and
funding and development work.
2024
2023
Balance as at 1 April 2023
Amount released to income earned from charitable
activities
Amount deferred in year
10,204
17,837
(7,475)
6,265
(15.392)
7,759
Balance as at 31 March 2024
8,994
10,204
14.
Analysis of charitable funds
Analysis of movements in Un￿strICted funds
Balance
1 April
2023
Incoming Resources
resources
expended Transfers
Funds
31 March
2024
General fund
41,947
31,172
34,800
38,319
Analysis of movements in restricted funds
Balance
1 April
2023
Incoming Resources
sources
expended Transfers
Funds
31 March
2024
Restricted fund
7,762
7,762)
19

KOMEDIA PRODUCTIONS
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 MARCH 2024
14.
Analysis of charitable funds (cont'd)
Analysis of movements in unrestricted funds- prior year
Balance
1 April
2022
Incoming Resources
resources
expended Transfers
Funds
31 March
2023
General fund
35,493
50,343
43,889
41,947
Analysis of movements in restricted funds- prior year
Balance
Incoming Resources
resources
expended Transfers
Funds
31 March
2023
2022
Restricted fund
12,585
12,585
15.
Analysis of net assets between funds
2023
2023
General
Fund
General
Fund
Cash at bank and in hand
Other net current
{liabilities)lassets
20,499
22,024
17,820
19,923
38,319
41,947
20

KOMEDIA PRODUCTIONS
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR ENDED 31 MARCH 2024
16.
Reconciliation of net movement in funds to net cash flow from operating activities
2024
2023
Net movement in funds
Deduct interest income
shown in investing
activities
Decreasel(Increase) in
debtors
(Decrease)/lncrease in
creditors
(3,628)
6,454
(252)
(73)
2,292
(20,748)
(189)
(12,443)
Net cash used in
operating activities
1,777
26,810
17.
Events since the balance sheet date
There are no events on which to report.
21